A total of 243,364 shares changed hands on the counter till 12:22PM (IST).
Agrizy, an agritech startup, secured $9.8 million in funding from Accion and Omnivore, along with other investors. The capital will be invested in expanding products, launching new services, and providing financial aid to MSMEs and farmer groups. Founded in 2021, Agrizy connects agricultural suppliers, processors, and buyers to facilitate transactions and aims for global food processing prominence.
A long buildup happens when open interest and trading volumes rise along with the stock price, signaling a bullish market trend. On Monday, five stocks saw new long positions.
The Bengaluru-based firm sent out another statement Thursday evening, saying that the pre-show-cause notice by the state authority had been withdrawn, and it had been directed to submit a response to the GST intelligence directorate in New Delhi. In a further update Saturday, Infosys said that the notice for the financial year ended in March 2018, covering 12% of the demand, stood “closed.”
A total of 4,906 shares changed hands on the counter till time (IST).
A short buildup occurs with rising open interest and volumes alongside falling stock prices. On Monday, five stocks saw fresh short positions being established.
A total of 15,339 shares changed hands on the counter till 12:12PM (IST).
Delhi University has seen over 300,000 registrations for 71,000 undergraduate seats for the 2024-25 academic session. The Common Seat Allocation System (CSAS) is in Phase II, with important dates including the simulated rank list release on August 11 and the first merit list on August 16. The university has introduced a single girl child quota for admissions.
Trading on Monday saw Tata Motors and ONGC shares fall by 5%, causing the Nifty 50 index to drop by 3%. Shares of Hindalco, Mahindra & Mahindra, and Tata Steel also declined. Britannia, Sun Pharma, and a few other stocks managed gains. The market was influenced by global economic concerns and potential US recession indicators.
The drops followed a U.S. jobs report Friday that indicated that employers had slowed hiring significantly in July, with unemployment rising to its highest level in nearly three years. This deepened fears that the economy was cooling and that the Federal Reserve may have waited too long on cutting interest rates.
A total of 168,162 shares changed hands on the counter till 12:07PM (IST)
SBI Share Price: State Bank of India's shares plunged 3% after it reported a standalone net profit of Rs 17,035 crore for the June quarter, marginally up from the previous year. Despite this, brokerages like Nomura, Jefferies, and Nuvama maintained their buy ratings, forecasting target prices between Rs 900 and Rs 1,030 amid stable asset quality and loan growth.
From a longer-term perspective in a sense like can it be a deep correction for Indian markets? I would not think so. Because the economic linkages of the Indian markets from a liquidity standpoint of view at this point in time are very low, unlike 2008 crisis, where we had lots of leverage coming from international markets and any impact would have impact back home
The high court had on March 22 declared the Uttar Pradesh Board of Madarsa Education Act, 2004, "unconstitutional" and violative of the principle of secularism, and asked the state government to accommodate students in the formal schooling system.
A total of 7,176 shares changed hands on the counter till 12:02PM (IST)
The Indian National Congress has demanded that elections in Jammu and Kashmir be held according to the Supreme Court-set deadline, accusing the BJP's policy on the region of not respecting 'Kashmiriyat' nor upholding 'Jamhuriyat'. The Congress chief, Mallikarjun Kharge, criticized the Modi government's policy, which he claimed would help integrate the region, boost economic development, and prevent terrorism and separatism.
The U.S. saw an unexpected rise in unemployment last month, causing market drops and renewed recession worries. Established recession indicators like the Sahm Rule and inverted yield curve were questioned due to post-pandemic conditions. Federal Reserve Chair Powell emphasized the uniqueness of the current economic situation, highlighting complications in forecasting.
Approximately six months ago, a parliamentary standing committee led by Jayant Sinha also highlighted the need to reduce GST on health and term insurance. The current tax environment imposes significant levies not only on insurance but also on other essential services such as telecom, which also attracts an 18 per cent GST.
Yusuf Dikec, a Turkish shooter who won a silver medal in the mixed team 10-meter air pistol event at the 2024 Paris Olympics, has become a global sensation due to his unique style and social media engagement. Competing with minimal gear and a relaxed posture, Dikec has captured widespread attention. His playful query to Elon Musk about robots in future Olympics and Musk’s positive response have further enhanced his viral fame.
Asian stock markets saw significant declines due to fears of an impending U.S. recession, leading investors to seek safer assets. The yen and Swiss franc strengthened, while bond yields fell. Weak July U.S. payroll data fueled expectations of rate cuts by the Federal Reserve. Major indices, including Japan's Nikkei, witnessed notable drops.
Five mutual fund new fund offers opened for subscription this week, including HDFC Nifty500 Multicap 50:25:25 Index Fund, Motilal Oswal Business Cycle Fund, Bandhan Nifty Bank Index Fund, Aditya Birla SL Nifty India Defence Index Fund, and Bank of India Business Cycle Fund. Each fund offers unique investment strategies and benchmarks.
A total of 1,138,500 shares changed hands on the counter till 11:52AM (IST)
Market Crash today: The US unemployment rate rose to 4.3% in July, sparking recession fears. Economists predict a potential recession in 2025 and expects the Federal Reserve to cut interest rates starting in September. Key indicators include slower job growth, industry layoffs, and housing market concerns, with underinsurance posing a $1.2 trillion threat to property values.
A total of 930,892 shares changed hands on the counter till 11:47AM (IST)
